Tourism operators have raised concerns about the 500 baht fee to be collected from foreign tourists next year, worried that the timeline of this policy may not be appropriate for an industry in dire need of recovery. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said the concept of setting up a transformation […]
Read MoreThe headline consumer price index (CPI) rose more than expected in September as government utility subsidies ended and energy prices increased, the Commerce Ministry said on Tuesday. The CPI rose 1.68% in September year-on-year, the most in four months, compared with a forecast for a rise of 0.70% in a Reuters poll. It followed August’s […]
Read MoreExports are expected to rise 12% this year, the high end of a previous forecast range of 10-12%, boosted by improved global demand and a weaker baht currency, the national shippers’ council said on Tuesday. However, the country’s coronavirus outbreak remains a negative factor, it said in a statement. Source: https://www.bangkokpost.com/business/2192851/exports-seen-up-12-this-year-shippers
Read MoreEnergy Minister Supattanapong Punmeechaow has explained the government’s thinking in acting to lower the price of B7 diesel by one baht per litre at the pump. He said it would help rein in the cost of living as global oil prices rise in a time of hardship. Mr Supattanapong, also a deputy prime minister, issued […]
Read MoreThe government has revised investment plans in the state flagship Eastern Economic Corridor (EEC), as it aims to drive economic growth by 4.5-5% a year between 2022 and 2026. Kanit Sangsubhan, secretary-general of the EEC Office, said the EEC is hoping to become the country’s vital investment destination during this period to draw investment at […]
Read MoreThe baht opened at 33.79 to the US dollar on Tuesday, unchanged from the previous closing rate. The Thai currency is likely to move between 33.70 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors started to worry about inflation more due to the price increasing of crude […]
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Thailand
